Contract Balances

9 Months Ended

Sep. 30, 2020

Contract Balances

Contract Balances

12. Contract Balances

Our valuation and qualifying accounts as of September 30, 2020 were as follows:

Allowance for credit losses	Balance at Beginning of Period		Current Period Provision for Expected Credit Losses		Write-offs Charged Against Allowance		Balance at End of Period
	(In thousands)
For the nine months ended September 30, 2020	$	19,280	$	56,398	$	(41,313)	$	34,365

Deferred revenue related to contracts with our customers is recorded in “Deferred revenue and other” and “Long-term deferred revenue and other long-term liabilities” on our Condensed Consolidated Balance Sheets. Changes in deferred revenue related to contracts with our customers were as follows:

	Contract
	Liabilities
	(In thousands)
Balance as of December 31, 2019	$	609,054
Recognition of unearned revenue		(4,369,230)
Deferral of revenue		4,365,480
Balance as of September 30, 2020	$	605,304

We apply a practical expedient and do not disclose the value of the remaining performance obligations for contracts that are less than one year in duration, which represent a substantial majority of our revenue. As such, the amount of revenue related to unsatisfied performance obligations is not necessarily indicative of our future revenue.